Brookfield Asset Management announced a new partnership on November 17, 2025 with the Saudi Real Estate Development Fund (REDF) and the Saudi Real Estate Refinance Company (SRC) through its member LCM Partners. The collaboration will launch a mortgage‑servicing and asset‑management platform in Saudi Arabia, leveraging LCM Partners’ BCM Global affiliate to provide servicing expertise and Brookfield’s credit experience.
Under the agreement, LCM Partners will become a shareholder in the National Support Company for Finance Services, the entity that manages the Saudi housing‑finance ecosystem. The platform will combine REDF’s long‑standing role in supporting citizen homeownership with SRC’s liquidity‑providing mandate, creating a comprehensive service chain that covers loan origination, servicing, and asset management.
The partnership aligns with Saudi Vision 2030, which aims to raise home‑ownership rates to 70 % by 2030. By integrating Brookfield’s private‑credit capabilities with REDF’s and SRC’s institutional knowledge, the platform is positioned to accelerate the deployment of affordable mortgages and strengthen the overall housing‑finance market.
Brookfield has been expanding its Middle East presence through a dedicated private‑equity fund and investments in regional real‑estate and infrastructure projects. This new venture deepens that footprint, offering a scalable credit platform that can be replicated in other emerging markets while reinforcing Brookfield’s strategy of investing in dynamic economies.
Operationally, the platform will be built on BCM Global’s proven servicing technology, enabling efficient loan administration and risk monitoring. The partnership also provides Brookfield with a foothold in a market that offers significant growth potential, while allowing LCM Partners to diversify its asset‑management portfolio.
Overall, the collaboration represents a strategic step for Brookfield to support Saudi Arabia’s housing‑finance transformation, broaden its credit platform, and capitalize on the country’s ambitious Vision 2030 objectives.
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